PRICES SLOW­ING?

Auckland City Harbour News - - YOUR PAPER, YOUR PLACE -

Sky-rock­et­ing Auck­land house prices are show­ing signs of slow­ing down and any talk about hit­ting a $1 mil­lion av­er­age is ‘‘over in­flat­ing’’ where prices are head­ing. Bar­foot & Thomp­son fig­ures show the av­er­age sale price reached $906,560 in Au­gust, up 4.5 per cent com­pared to July. How­ever, this was an in­crease of only 2.6 per cent on the av­er­age price over the pre­vi­ous three months. Bar­foot & Thomp­son man­ag­ing di­rec­tor Peter Thomp­son says for the past five months, buy­ers have not been pre­pared to pay more than what they think is the mar­ket price.

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